Friday, July 27, 2012

Nifty Today: Share Market Trend

Share Market Trend for Today 27 July 2012

The first day of August series started with a bang and Nifty jumped leap ahead of yesterdays closing. After nearly one hour of trade, nifty persisting with the early gain of 65+ points and trading above 5100. Very strong global and Asian cues supported the market as Dow closed 211 points up. Asian markets also started the day on a strong note which helped market achieving the dark green color in the first hour of the session.
The early spark seen in the market likely to prevail for the day long due to buying interest seen in the market . However a sudden fall can not be ruled out as yesterday market saw a deep decline breaking all crucial levels. Technically staying above 5100 level would be a safe play for the market. Inconsistency to remain above the same may further push it backside. Above 5100, Traders can long for the targets of 5150.


Posted By Commodity MCX Tips